Austrade has celebrated the signing of three Memorandums of Understanding (MOUs) as the Australia-India Business Exchange (AIBX) Fintech and Cyber Trade Mission to India comes to a successful close.
These agreements mark significant milestones in fostering deeper collaboration between Australian and Indian companies, paving the way for expansion and innovation across borders.
Key highlights include:
- ViCyber x Cache Technologies Ltd: Appointed as a distributor for India.
- NextXR Singapore x AjnaLens: A partnership focusing on content sharing and market exploration.
- PayU x FootprintLab: An agreement aimed at bringing climate finance directly to Indian consumers.
These partnerships reflect the growing interest of Australian fintech and cyber security companies in the Indian market, which offers immense potential for expansion.
Paul Murphy, Consul General in Mumbai, congratulated the companies, saying, “My hearty congratulations to the companies on their new partnerships! It was a pleasure to witness them take the next step in their collaboration on the eve of the Global Fintech Fest in Mumbai.”
“The deepening ties between our countries’ innovators are a testament to the strength of the Australia-India relationship.”
Murphy also emphasised India’s booming tech sector, massive digital infrastructure, and increasing security challenges, which present unparalleled opportunities for Australian industries. He acknowledged the vital role of Investment NSW in supporting the entry of innovative Australian technologies into the Indian market.
India presents one of the largest long-term growth opportunities for Australian businesses. The AIBX is Australian Government’s flagship program to enhance trade and investment ties with India.
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